Amazon’s acquisition of Whole Foods is great for Whole Foods and bad for every other supermarket. The $13.7 billion deal — Amazon’s biggest buy yet — has sent Whole Foods’ stock up $9 or 28 percent today, compared with yesterday’s closing price.
For contrast, Costco’s stock is down $10 or nearly 6 percent. Stock prices are also down for Kroger, Walmart, Target and SuperValu.
This article originally appeared on Recode.net.
